Marsh (HAM:MSN) Receivables Turnover: 1.03 (As of Mar. 2026)


HAM:MSN Marsh HAM:MSN
64 GF Score
Price €156.20
GF Value €221.14
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Marsh Receivables Turnover?

Marsh HAM:MSN -0.51% 64 Receivables Turnover is 1.03 as of Mar. 2026. GuruFocus rates HAM:MSN with a GF Score™ of 64/100 and a GF Value™ of €221.14 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 64 Insurance companies, Marsh ranks worse than 71.88% on this metric.

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Marsh's Revenue for the three months ended in Mar. 2026 was €6,571 Mil. Marsh's average Accounts Receivable for the three months ended in Mar. 2026 was €6,359 Mil. Hence, Marsh's Receivables Turnover for the three months ended in Mar. 2026 was 1.03.


Marsh  (HAM:MSN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Marsh Receivables Turnover Related Terms


Marsh Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Marsh's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Marsh Receivables Turnover Chart

Marsh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.20 4.12 4.04 4.04 3.77

Marsh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.01 0.90 0.84 0.93 1.03

HAM:MSN vs AON, AJG, WTW: Receivables Turnover Comparison

For the Insurance Brokers subindustry, Marsh's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Marsh Receivables Turnover vs Insurance Industry

For the Insurance industry and Financial Services sector, Marsh's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marsh's Receivables Turnover falls into.


HAM:MSN
64GF Score
Marsh HAM:MSN
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Marsh Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Marsh's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=23041.774 / ((6239.015 + 5990.81) / 2 )
=23041.774 / 6114.9125
=3.77

Marsh's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=6571.405 / ((5990.81 + 6727.105) / 2 )
=6571.405 / 6358.9575
=1.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.03 mean?
Marsh (HAM:MSN) has a Receivables Turnover of 1.03 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Marsh and its competitors. According to the industry distribution chart, Marsh ranks #46 out of 64 companies in the Insurance industry, placing it in the top 71.9%.
Is Marsh's Receivables Turnover too high?
Marsh's current Receivables Turnover is 1.03. The Insurance industry median Receivables Turnover is 6.21. Marsh's value of 1.03 is 83.4% below this industry median. Based on the distribution chart, Marsh ranks #46 out of 64 companies in the Insurance industry, which is below the industry midpoint. Overall, Marsh has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marsh's Receivables Turnover compare to AON and AJG?
According to the Insurance industry distribution chart, Marsh ranks #46 out of 64 companies for Receivables Turnover. This places Marsh in the lower half of its industry. The industry median Receivables Turnover is 6.21. Marsh's value of 1.03 is 83.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Insurance company?
The median Receivables Turnover among Insurance companies is 6.21, based on 64 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marsh's current Receivables Turnover of 1.03 is 83.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Marsh and its competitors. For the Insurance industry, the median Receivables Turnover is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marsh's current Receivables Turnover is 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marsh stock overvalued right now?
Based on GuruFocus' analysis, Marsh (HAM:MSN) is currently considered Significantly Undervalued. The stock's GF Value™ is €221.14, compared to a current price of €156.20 — trading 29.4% below its estimated fair value. The current Receivables Turnover is 1.03 and 83.4% below the Insurance industry median of 6.21. Marsh's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Marsh (HAM:MSN), the current Receivables Turnover is 1.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marsh (HAM:MSN) Overvalued in 2026?

Based on GuruFocus' analysis, Marsh stock appears to be undervalued. The current stock price of €156.20 is trading 29.4% below its estimated GF Value™ of €221.14. GuruFocus considers Marsh to be Significantly Undervalued.

Key valuation signals for HAM:MSN:

  • Receivables Turnover: 1.03
  • GF Value™: €221.14 vs. price of €156.20 (29.4% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 83.4% below the Insurance median (#46 of 64)

No single metric tells the full story. See the HAM:MSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marsh Business Description

Address 1166 Avenue of the Americas, New York, NY, USA, 10036-2774
Marsh is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises Mercer (a provider of human resource services) and Oliver Wyman (a management and economic consultancy). About half of its revenue is generated outside the US.
64GF Score

Get the complete analysis for HAM:MSN

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€156.20
Price
€221.14
GF Value